Previous all time high resistance has turned into new support, & price is breaking out of the falling channel pattern. I am anticipating further upside movement to resume the uptrend & continue into a new impulsive stage to the upside.
Price has been following an uptrend forming higher highs & lows. Price has been in the corrective phase & is now approaching a key area of structure support, which aligns with the daily ascending trend line. I am anticipating a reversal from this region for price to look to resume the uptrend for a new potential higher high next towards $85,000 next!
Price is approaching a key area below, which aligns with the bottom of the currently correctional channel after the double bottom occurred at the bottom. I am looking for signs of a bullish continuation below for price to make a new potential higher high next towards 134.000 weekly resistance.
Previous resistance zone has retested as new support with a reaction occurring as well. This week, I will be looking at a slight retracement & then watching for a uptrend continuation for a new potential higher high..
Price is forming a rising wedge bearish reversal pattern coming into broken key level support which has retested as new resistance. Watching for one more potential retest to the zone above for entry point, or for a breakout of the pattern to the downside of the pattern for confirmation that price will resume the current downtrend for a new potential lower low.
Price has broken out of the rising wedge pattern, along with breaking out of the head on shoulders trend reversal pattern as well. Next, I am looking for a lower high to occur on the lower timeframe (1 hour / 30 Minutes) to retest broken support as new resistance (neckline). From the zone above, I will then be anticipating further downside movement to resume the...
Price has broken through key level resistance today & invalidated the previous downtrend where price was making lower lows & highs. Price today has made a bullish engulfing breakout above the key level today. I am now watching for a retest / rejection of previous resistance structure to act as new support, for price to continue higher towards 1830 weekly resistance.
Bearish engulfing breakout of the ascending trend line has occurred, & price has closed below the consolidation range its been trapped in for some days now. I am anticipating further downside movement to come ahead...
Price has formed a huge head on shoulders reversal pattern here on the higher timeframe. Price is now at the ascending trend line (Neckline) which aligns with a powerful area of support. I will be looking for a clear breakout of the neckline for price to make its way lower towards the zones below.
Price is following a solid uptrend making a series of higher highs & lows. Price has pulled back for a new higher low now retesting previous key level resistance now as new potential support, & from here I will be anticipating for price to resume the uptrend for a new potential higher high next above this new support zone.
Price has formed a head on shoulders formation & broke through the neckline with strong bearish momentum. Watching now for price to form a new lower high on the lower timeframe & retest previous support (the neckline), as new resistance, for price to resume lower back down into the support zone at the bottom.
Price has formed a falling channel bullish reversal pattern & has made a break & retest of resistance structure as support (green zone) after the bullish engulfing candlestick off of key level support at 1725 .. This upcoming week, I will be looking for a breakout of the channel for price to make its way back up towards 1830 resistance zone.
Price on the higher timeframe is moving within an ascending channel making higher highs & lows. Price has now made a nice correction off the top of the channel for a higher low, & is nearing the bottom of the channel once again which aligns with a strong area of support. From the zone below, I will be watching price action for signs of a bullish reversal & a...
Simple break & retest of key level support as resistance, with multiple rejection wicks occurring. The current trend still remains down & we can anticipate further downside movement into the levels as long as we remain under the 1740 zone.